Keppel Infrastructure Trust’s distributable income soars 42.4% YoY to $316.8m in FY23
With higher income, the company proposed a 62% YoY higher DPU.
Keppel Infrastructure Trust (KIT) achieved a 42.4% YoY growth in its distributable income to reach $316.8m in FY23.
In a bourse filing, KIT attributed the increase to the strong performance of its portfolio and the crystallisation of $131.2m in capital optimisation at Ixom, which was distributed to Unitholders as special distributions in November 2023.
In FY23, KIT’s portfolio delivered a 9% y-o-y growth in Asset Distributable Income to $304.5m with strong contributions from the Energy Transition and Environmental Services segments.
The higher distributable income boosted KIT’s distribution per unit (DPU) by 62% YoY to $0.0619 in FY23.